The Economic Impact of the Horse Racing Industry in Just One State

According to information published in the Equibase program at Monmouth Park in 2019:

The total economic impact of the equine industry is $1.1 billion annually.

The industry pays over $160 million in federal, state and local taxes.

176,000 total acres of real estate are in use in New Jersey alone for equine operations.  An additional 46,000 acres produce hay and grain for horses.  An estimated 13,000 jobs are generated just in New Jersey.

The original Monmouth Park racetrack opened in 1870.  The current structure opened on June 19, 2946 and with its desirable location close to the Jersey beaches, it has attracted tens of thousands of visitors each year.

Here is a look at the impact of the horse racing industry in the great state of  Florida.